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Tata Trusts initiates steps to select Tata Sons' new chairman

New Delhi, Aug. 13 -- The Sir Dorabji Tata Trust, on Thursday, passed a resolution to initiate setting up of a selection committee to choose the next chairman of Tata Sons. This follows Tata Sons cha... Read More


India's e-bus operators face higher funding needs as government subsidies decline

New Delhi, Aug. 13 -- India's electric-bus operators face higher debt and equity requirements as government subsidies moderate, increasing the amount they must finance upfront just as the industry hea... Read More


Paperboard makers seek immediate anti-dumping duty on Indonesian imports

New Delhi, Aug. 13 -- The Indian Paper Manufacturers' Association (IPMA) has urged the government to immediately impose Anti-Dumping Duty (ADD) on imports of Virgin Multi-Layer Paperboard from Indones... Read More


Zinc futures: Price could moderate

New Delhi, Aug. 13 -- Zinc futures (Rs.393/kg), over the past week, has been in a sideways trend, oscillating between Rs.388 and Rs.398. As it stands, the uptrend is intact but there is a resistance a... Read More


AvenuesAI net profit rises 45%, targets Rs.13,000 crore revenue in FY27

New Delhi, Aug. 12 -- AvenuesAI Ltd, a GIFT City-based fintech company, has reported that its net profit in the June quarter was up 45 per cent at Rs.85 crore. Revenue more than doubled to Rs.2,680 c... Read More


Donald Trump's dilemma: Ending Iran war to appease Americans will anger his evangelical base

New Delhi, Aug. 12 -- The American war on Iran has quickly become one of the most unpopular wars in US history. At the beginning of March 2026, when the war started, 46 per cent of Americans opposed t... Read More


Bank of America to acquire up to 49.9% stake in Jio Credit for Rs.18,268 crore

New Delhi, Aug. 12 -- Jio Financial Services Ltd (JFSL) and Bank of America (BofA) on Wednesday announced a strategic partnership under which the US banking major will acquire up to a 49.9 per cent st... Read More


Milky Mist IPO fully subscribed on Day 2, retail portion booked 1.26 times

New Delhi, Aug. 12 -- Milky Mist Dairy Food's Rs.1,553-crore IPO was fully subscribed by 10.36 am on Day 2 of the issue. The retail portion was subscribed 1.26 times, while the non-institutional inve... Read More


Ola Electric gets two-year cell PLI extension, Rs.7,240-crore incentive window through 2031

New Delhi, Aug. 12 -- EV-maker Ola Electric has received revised timelines for its advanced chemistry cell (ACC) production-linked incentive (PLI) scheme from the Ministry of Heavy Industries (MHI), e... Read More


TD Power Systems stock rallies 19% after strong Q1 results

New Delhi, Aug. 12 -- TD Power Systems stock rallied 19 per cent to hit a fresh 52-week high on Wednesday after the company reported strong Q1 results. At 10.30 am, the stock traded 15 per cent highe... Read More